Succession Planning & Executive Development: How To Ensure Leadership Continuity
Succession planning is in a bad way. Even though hiring chief executive officers (CEOs) is among the most crucial responsibilities of a board, a recent survey of non-profit boards found that only 29% have a written CEO succession plan in place (see;BoardSource Index Of Nonprofit Board;Practices). There are two types of executive departures: planned departures (most commonly for retirement) and emergency departures (the “hit by a bus” plan), and it is essential that provider organizations are prepared for both.
Assuring leadership continuity (and sustainable organizational competency) lies in on-going investments in succession planning (both . . .